An anonymous director reports

DIVIDEND SELECT 15 CORP. DECLARES MONTHLY DIVIDEND

Dividend Select 15 Corp. has declared its monthly distribution of 5.050 cents per equity share. The distribution is payable Nov. 10, 2023, to shareholders on record as of Oct. 31, 2023.

Under the distribution policy announced in September, 2014, the monthly dividend payable on the equity shares is determined by applying a 10-per-cent annualized rate on the volume-weighted average market price (VWAP) of the equity shares over the last three trading days of the preceding month. As a result, equity shareholders of record on Oct. 31, 2023, will receive a dividend of 5.050 cents per share based on the VWAP of $6.06 payable on Nov. 10, 2023. The yield will remain stable at 10 per cent (based on the VWAP) under this distribution policy.

Since inception, equity shareholders have received a total of $10.04 per share inclusive of this distribution.

The company invests in a portfolio of 15 Canadian companies selected from 20-company universe which are among the highest Canadian dividend-yielding stocks.